Thread: Gold
pair- gold
chart analysis time frame- m30
the up movement of the gold is rejecting from the resistance trend line at the 1317.75 and falling down but down side it is also supported at the 1310.00 level. the macd indicator is giving up trend signal so this may be move to the 1322.00 level then again dwon movement can expected. hold long position with stop loss at the 1290.00
good luck
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analysis for today 6 / 23 / 2014
GOLD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1315.79
Retracement (50%) 1313.97
retracement (61,8%) 1312.14
Extensions (61.8%) 1331.24
Extensions (100.0%) 1337.14
Extensions (138.2%) 1343.04
Extensions (161.8%) 1346.69
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 6 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 6 / 20 / 2014
OPEN 1319.69
HIGH 1321.69
LOW 1306.24
CLOSED 1314.44
The third resistance (R3) 1321.69 - ( 1314.12 - 1306.24 = 7.88 x 2 = 15.77 )= 1337.46
The second Resistance (R2) 1314.12 + 1321.69 - 1306.24 = 1329.57
First resistance (R1) 1314.12 x 2 = 2628.25 - 1306.24 = 1322.01
pivot points 1321.69 + 1306.24 + 1314.44 = 3942.37 / 3 = 1314.12
Support for the first (S1) 1314.12 x 2 = 2628.25 - 1321.69 = 1306.56
Support second (S2) 1314.12 - ( 1321.69 - 1306.24 = 15.45 ) = 1298.67
Third Support (S3) 1306.24 - ( 1321.69 - 1314.12 = 7.57 x 2 = 15.13 )= 1291.11
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pair- gold
chart analysis time frame- m30
the up movement of the price is not able to break the resistance at 13.23.00 and falling down. this may be correction to continue up movement but if it is break the lower support at 1305.00 level then it will be falling and may hit the support 1285.00 short with take profit and stop loss at the 1325.00
good luck
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analysis for today 6 / 20 / 2014
GOLD
Resistance : R1 1315.52 R2 1324.97 R3 1343.72
Support : S1 1312.44 S2 1302.99 S3 1284.24
Open : 1319.30
High : 1321.74
Low : 1306.22
Range : 1552 Pips
Running Price : 1309.67
Strategy : BUY at the level 1309.67 stop loss at the level 1312.44 target take profit at the level 1343.72 or at the level 1381.22
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analysis for today 6 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 6 / 19 / 2014
OPEN 1277.39
HIGH 1321.30
LOW 1275.81
CLOSED 1319.69
The third resistance (R3) 1321.30 - ( 1305.60 - 1275.81 = 29.79 x 2 = 59.58 )= 1380.88
The second Resistance (R2) 1305.60 + 1321.30 - 1275.81 = 1351.09
First resistance (R1) 1305.60 x 2 = 2611.20 - 1275.81 = 1335.39
pivot points 1321.30 + 1275.81 + 1319.69 = 3916.80 / 3 = 1305.60
Support for the first (S1) 1305.60 x 2 = 2611.20 - 1321.30 = 1289.90
Support second (S2) 1305.60 - ( 1321.30 - 1275.81 = 45.49 ) = 1260.11
Third Support (S3) 1275.81 - ( 1321.30 - 1305.60 = 15.70 x 2 = 31.40 )= 1244.41
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Having gained over 4600 pips from Thursday yesterday, today GOLD will tend sideways, if there is movement, is likely to fall to the level of 1290.07 or maybe more than that, It tu characterized by its no confirmation from Stoch indicator.
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analysis for today 6 / 19 / 2014
GOLD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1273.65
Retracement (50%) 1272.22
retracement (61,8%) 1270.78
Extensions (61.8%) 1285.80
Extensions (100.0%) 1290.44
Extensions (138.2%) 1295.08
Extensions (161.8%) 1297.95
calculation based on a Fibonacci retracement then today I choose buy
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Trading Signal - 19/06/2014 -
Instrument: GOLD
60min CHART
Upwards Strong
A Medium probability, entry signal to go LONG was given at 1275 after the market completed a bullish trend
reversal pattern. Only the downward break of 1265 would cancel the bullish scenario.
Support & Resistances
1270 1280
1265 1285
1257 1290
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analysis for today 6 / 19 / 2014
GOLD
Resistance : R1 1285.06 R2 1294.51 R3 1313.26
Support : S1 1273.33 S2 1263.88 S3 1245.13
Open : 1277.31
High : 1282.63
Low : 1275.76
Range : 687 Pips
Running Price : 1281.42
Strategy : BUY at the level 1281.42 stop loss at the level 1273.33 target take profit at the level 1313.26 or at the level 1350.76
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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